Estate planning is not just for the wealthy; if you have a bank account or own any type of property and want to control who gets that property in the event you pass away, then you need an estate plan. For many, tomorrow will come without notice so proper planning is essential to ensure your personal and financial affairs are properly handled after your death.
Planning for your estate involves difficult decisions about matters that are not always easy to discuss and deal with. And because no two people or their situation are alike, everyone's estate planning needs will vary. At Cillis Law we take pride in carefully designing and crafting an estate plan that is personal to your unique needs. This allows you the peace of mind to prepare for your future and protect your assets in the event of illness or death.
It is also crucial for people with children under the age of 18 to have an estate plan so you can appoint a guardian for your children in the event that you and your spouse become incapacitated or pass away, to avoid the Court from ultimately deciding who raises your children.
Cillis Law has been helping the Hudson Valley plan for the future, offering the following aspects of Estate Planning:
The most basic form of estate planning, which outlines what happens to your property and assets after your death.
In the event of injury or incapacitation, this document allows someone you designate to manage the affairs of your life. A Power of Attorney can be temporary or permanent.
If you suffer from an illness or injury that prevents you from communicating or making decisions, this document informs your medical providers and family about what types of medical care you want to receive, and more importantly, what types of medical care you do not want to receive.
This document gives you the right to choose who you trust to make decisions on your behalf if you are ever disabled and unable to communicate your wishes.
If you reside in the Poughkeepsie area, these four estate planning documents are crucial to the foundation of your estate plan. If you already have these documents, let Cillis Law review and ensure they are up to date with the always changing New York Estate Tax Laws.
It’s never too early to plan for tomorrow, call today to schedule a free, confidential consultation with Cillis Law at (845) 554-7171.